Start-Ups

Geek Trivia: What three Facebook non-founders stand to profit the most from the company's IPO?

Three individual investors stand to make a substantial amount of money from Facebook's impending IPO -- despite not being company founders.

This week's quibble comes from the Feb. 10, 2012 edition of Geek Trivia, which asked why (and how) did the real-life US government rule that the fictional X-Men aren't human?

Member Elezar pointed out I had a certain ownership relationship backwards:

"It was actually the other way around; Marvel was a partial owner of Toy Biz. Toy Biz got their royalty-free license to create toys based on Marvel properties, by giving Marvel almost 50% ownership of Toy Biz, and 10% ownership and a spot on the board of directors to Avi Arad.

"Toy Biz DID help fund Marvel Studios when it was first created, and owns quite a bit of stock in it (Presumably Avi Arad helped push this deal, as he was going to head Marvel Studios). But even though Marvel Studios' largest shareholder is Marvel Comics, it's a separate company with its own incorporation."

Clearly I can't read a stock-swap filing correctly. Thanks for the clarification, and keep those quibbles coming.

About

Jay Garmon has a vast and terrifying knowledge of all things obscure, obtuse, and irrelevant. One day, he hopes to write science fiction, but for now he'll settle for something stranger -- amusing and abusing IT pros. Read his full profile. You can a...

2 comments
rmerchberger
rmerchberger

IPO was March 13, 1986; 8 months after my 18th birthday.... Initial stock price was $21, which would allow me to purchase 47 shares. [[ /me researches a little (read: googles) for value of 1 share then compounded today... ]] 1 share at IPO equals 288 shares today (after splits) which would total 13,536 shares (for the above example.) At current stock price of $32/share, that would be worth $433,152. Not to mention this: Dividends started being paid per share just *after* the latest split - including one monster (the 4th dividend paid) of $3.08/share -- Total dividends paid per share was (if I didn't oops) $6.91/share * 13536 shares = $93,534 earned on dividends; so total value would be $526,685. [sigh] is right...

Jay Garmon
Jay Garmon like.author.displayName 1 Like

...what would it be, and when would you do it? Rules: You can't have bought the stock before your 18th birthday, and you can't spend more than $1,000.00. The easy answer for me is Apple. On Jul 17, 1996 (I was 19 years old, just out of my freshman year at college) and the AAPL stock price closed at $4.22 a share. For my thousand dollars, I could have bought about 237 shares. In Dec. of '96, Apple bought NeXT Computers, paving the way for Steve Jobs's return. Today, those shares would be worth $128,433.65. [sigh]

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